The "creating money out of thin air" bitching is, of course, a goldbug thing, and to the shock of no one he has no idea what he's talking about, because his entire economic education has come from a bunch of closeted, neo-Confederate dipshits at the Mises Institute.
None of this is to say Bernanke isn't a ginormous fuck-up of a Fed chair. But he and his institution are being attacked in this case by people who are projecting their own failures on the Fed.
The Ron Pauls of the world, with their addiction to deregulation, did more to cause this crisis than Ben Bernanke ever could have. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
¹ a nice way of avoiding the word "propaganda"
The Republicans might conceivably be able to take advantage, but they don't seem to have much appetite for it on the issues where it could make some difference (obvious example: TARP). The reason, I suspect, is that they all voted for it. Not that attacking something they've voted for -- or promoting their efforts on something they voted against, as with the stimulus -- is at all beyond them. But it's a complicated argument that's pretty easily swatted down even by the miserable standards of the Democrats.
I could be wrong, though. Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin
The Ron Pauls of the world, with their addiction to deregulation, did more to cause this crisis than Ben Bernanke ever could have.
I don't think that is entirely fair. The deregulators are quite content with abolishing the welfare state while growing the rest. The Ron Pauls want to cut down the whole structure. No one listens to them. Wait this is important. Someone is wrong on the Internet.
Not quite true. He's popular in Colorado Springs... :-)
